Table 4.3 the Financial Analyst for Sportif, Inc. Has Compiled Sales and Sales

Multiple Choice

Table 4.3
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000.
-At the end of May, the firm has an ending cash balance of ________. (See Table 4.3)

A) $9,000
B) $16,750
C) $14,250
D) $12,000